Purchase-related transactions Instructions Chart of Accounts Journal Instructions On March 1, Warwick's Co., a women's clothing store, purchased $79,500 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. On March 5, Warwick's returned $9,300 of the merchandise, receiving a credit memo, and then paid the amount due on March 9, within the discount period. Journalize Warwick's entries to record (a) the purchase, (b) the merchandise return, and (c) the payment. Refer to the Chart of Accounts for exact wording of account titles. Journal PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY